Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | Reuters Rarely in life do you get a win-win scenario, but Nvidia seems to have conjured one in its partnership with OpenAI. The chipmaker — which lately has been on a spending spree equal in intensity to a tourist shopping for tax-free goods in Japan — announced Monday an investment of up to $100 billion in OpenAI.Here’s the clever bit. OpenAI is planning to build systems with Nvidia’s artificial intelligence chips. Each…
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Container backlog occurs at Longtan Port Container Terminal in Nanjing, Jiangsu Province, China, on September 21, 2025. (Photo by Costfoto/NurPhoto via Getty Images)Costfoto| Nurphoto | Getty ImagesThe Organisation for Economic Co-operation and Development upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year.The OECD now expects global growth of 3.2% this year, compared to the 2.9% expansion it had forecast in June. Expectations for 2026 were unchanged at 2.9%. This would mark a slowdown from the 3.3% growth seen in 2024.Growth expectations for the U.S. were also lifted, to 1.8%…
Nurphoto | Nurphoto | Getty ImagesMajor global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI.The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5 million graphics processing units (GPUs), according to Nvidia CEO Jensen Huang.The news sparked a rally on Wall Street, with positive sentiment flowing through to the global chip sector and especially touching companies with ties to Nvidia.In Taiwan, shares of Taiwan Semiconductor Manufacturing Co., which manufactures chips for…
U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC on Tuesday.H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups, due to limited annual quotas. Over the past year, Desmond Lim, CEO and co-founder of HR, payroll and hiring tech platform Workstream, said all of his firm’s H1-B applications had been rejected — something he called “very disappointing” as he tries to secure more top engineering talent.Last…
Over 200 prominent politicians and scientists, including 10 Nobel Prize winners and many leading artificial intelligence researchers, released an urgent call for binding international measures against dangerous AI uses on Monday morning.Warning that AI’s “current trajectory presents unprecedented dangers,” the statement, termed the Global Call for AI Red Lines, argues that “an international agreement on clear and verifiable red lines is necessary.” The open letter urges policymakers to enact this accord by the end of 2026, given the rapid progress of AI capabilities.Nobel Peace Prize Laureate Maria Ressa announced the letter in her opening speech at the United Nations General Assembly’s High-Level…
While Europe’s major financial hubs, such as London, Frankfurt, and Paris, grapple with a prolonged drought in public listings, the Stockholm Stock Exchange is leading the continent as the hottest market for initial public offerings. Companies listed in Sweden’s capital have raised nearly $2 billion so far in 2025 — more than eight times the volume seen in London and significantly outpacing financial centers in Madrid, Zurich, and Frankfurt, according to a CNBC calculation of FactSet data. The upcoming high-profile listings from home security giant Verisure and Nordic lender NOBA have also highlighted a trend that experts say is the…
Packages of Michelob Ultra are displayed at a BevMo store on December 16, 2024 in Larkspur, California. Justin Sullivan | Getty ImagesMichelob Ultra has overtaken Constellation Brands’ Modelo Especial as the best-selling beer in the United States.Michelob Ultra claimed the top spot as the best-selling beer in retail channels in the 52 weeks ended Sept. 14, parent company Anheuser-Busch announced Monday, citing data from Circana. The light lager is also the top seller in bars and restaurants, according to Nielsen IQ data for the 52 weeks ended July 12.For brewer AB InBev, Michelob Ultra’s triumph reverses the company’s struggles from…
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast.Ucg | Universal Images Group | Getty ImagesShares of Danish renewables giant Orsted jumped on Tuesday, after a U.S. judge ruled the embattled firm can resume construction of an offshore wind farm that was halted by the Trump administration.The decision means Orsted can resume work on the nearly completed Revolution Wind project off the coast of Rhode Island and Connecticut.Shares of the Copenhagen-listed company were among the top performers on the pan-European Stoxx 600 index. The stock was last seen up around 7.3%…
CEO of the British Fashion Council Laura Weir.Dave Benett | Dave Benett Collection | Getty ImagesThe British Fashion Council’s newest CEO is bringing her own leadership flair to the role, touting resilience as a top trait to navigate difficult times amid tariffs and economic uncertainty.Laura Weir, a former creative director at Selfridges, was appointed head of the non-profit organization in April 2025, succeeding 16-year industry veteran Caroline Rush.In a conversation with CNBC’s Tania Bryer during London Fashion Week — which Weir is in charge of organizing — the fashion boss opened up about how she faces challenging decisions.”Have a hot…
Stocks listed in Europe looked set to open broadly higher on Tuesday, following a Wall Street rally that propelled all three major U.S. indexes to record highs.Futures tied to the Euro Stoxx 50 were last seen trading 0.1% higher. Those linked to the French CAC 40 and Germany’s DAX index were last up by around 0.2%, while FTSE 100 futures were 0.1% higher.On Monday, chipmaking giant Nvidia announced plans to invest up to $100 billion in OpenAI to build data centers, with the former firm’s CEO Jensen Huang labeling the partnership “a giant project.”The news sparked a rally on Wall…
